It's rather amazing how people blame "free markets" for things that are 180 degrees removed from "free markets".
For example, and in response to Political Greenwashing: US Exports Coal Pollution to Europe; What About China? reader Over Exposed writes "Excellent example of a complete and utter failure of the free market to deal with pollution".
I see and hear this every day. I would have hoped that people would have learned by now what a "free market" is and isn't.
Complete fools blame the "free market" for problems 100% caused precisely because we do not have "free markets".
Contrary to popular myth, free market libertarians do not support slavery, anarchy, or pollution. Rather, we strongly believe in property rights and human rights. No one can own anyone else.
No one can kill you, steal your goods, or damage your property. Laws and regulations that protect property rights and prevent fraud are welcome.
It is amazing how people clamor for more regulation to cure problems caused by regulation and excessive interference in free markets.
Can We Please Try "Free Markets"?
We've tried everything else, and it did not work. Can we please try "free markets" with the minimum number of regulations and laws needed to preserve property rights, preserved human rights, and prevent fraud?
Sadly, I suspect the answer is no. Neither vested interests nor jackasses who have no idea what is really going on, want "free markets".
It's a powerful combination, and we all lose because of it.
Mike "Mish" Shedlock
NEW TIME Today, at 9:30 AM PT: Get the Market Movements in Advance: William's Edge Webinar for January 30th, 2014 | John Ransom
NEW TIME Today, at 9:30 AM PT: Get the Market Movements in Advance; Williams Edge Webinar for January 26th, 2014 | John Ransom